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Kuwaits Oil Minister: Oil demand is expected to increase after the US interest rate cut, especially from Asia.Germanys DAX30 index opened up 171.94 points, or 0.74%, at 23,518.89 points on Thursday, September 18; Britains FTSE 100 index opened up 18.98 points, or 0.21%, at 9,227.35 points on Thursday, September 18; Frances CAC40 index opened up 31.76 points, or 0.41%, at 7,818.74 points on Thursday, September 18; Europes The STOXX 50 index opened up 34.55 points, or 0.64%, at 5404.25 points on Thursday, September 18; the Spanish IBEX 35 index opened up 92.38 points, or 0.61%, at 15232.38 points on Thursday, September 18; and the Italian FTSE MIB index opened up 292.02 points, or 0.70%, at 42247.00 points on Thursday, September 18.The Central Bank of Jordan cut interest rates by 25 basis points.On September 18th, Cui Dongshu, Secretary-General of the China Passenger Car Association (CPCA), stated in a statement that the penetration rate of new energy commercial vehicles in commercial vehicles will reach 20% in 2024, a significant increase compared to 2023. In August 2025, the penetration rate of new energy commercial vehicles reached 30%, a 7 percentage point increase from 23% in August of the previous year, showing relatively strong performance. From 2019 to 2021, the penetration rate of new energy commercial vehicles as a whole was around 3%, reaching 9% in 2022, 11% in 2023, and 20% for the entire year of 2024. From January to August 2025, the penetration rate reached a good level of 25%, reflecting the strong growth momentum of new energy commercial vehicles. In August 2025, the penetration rate of new energy commercial vehicles was 30%, a 7 percentage point increase over the same period last year, and a 7 percentage point increase from January to August, which was stronger than the growth of passenger cars.Hong Kong stocks continued to fall, with the Hang Seng Index and Hang Seng Tech Index both falling by more than 2%, while the Tech Index rose by 2% in early trading.

Ethereum Development 55% Complete After Merge: Vitalik Buterin

Alice Wang

Jul 25, 2022 15:13



Vitalik Buterin discussed the long-term viability of the network on July 21 at the annual Ethereum Community Conference (EthCC) in Paris.


With just two months before Ethereum (ETH) switches from energy-intensive proof-of-work mining to proof-of-stake consensus, the highly anticipated Merge was a hot subject.


To an audience of developers, Buterin said, "After the merging, you will be able to construct an Ethereum client that does not even know the proof-of-work phase has occurred."


He continued by saying that developers still had a lot of work to do since the network as a whole will only be "55 percent complete until we conclude the Merge." Although there may be delays, September 19 has been set aside for The Merge, which will connect the current Ethereum chain with the fresh Beacon Chain.

Massive Planned Ethereum Scaling

The transaction costs associated with Ethereum, which soar when the network is overloaded, are one of the most often voiced grievances. As a consensus change, The Merge won't resolve this problem, therefore transaction fees will continue to vary and become more costly during periods of high block space demand.


As the network grows, this problem will be addressed by upgrades scheduled for the next year.


 Ethereum "will be a far more scalable system by the conclusion of this road plan," said Buterin, adding that it "will be able to perform 100,000 transactions per second" by then. The network can only handle 15-20 transactions per second at the moment, which makes wider adoption impractical.


Buterin suggested more improvements with the rhymes "surge," "verge," "purge," and "splurge" in addition to the present one. These are a component of the network's cleaning phase and scale development, which are anticipated to be implemented in the next years.


He continued by saying that there will be significant adjustments to the security model, token supply, and monetary policy of Ethereum. Currently, around 5.5 million ETH are still being issued annually for Ethereum. Once the Merge takes place, the EIP-1559 upgrade's transaction fee burning procedure will render issuance deflationary, causing the supply to gradually decline.


More than 2.5 million ETH have been burned or lost when the update was introduced in August 2021. This is worth almost $4 billion at the present pricing.

Merge momentum is still present

Asset values are still rising as a result of these monetary characteristics, which are the exact opposite of inflationary fiat currencies. As interest in Merge rises, ETH has gained 33% over the previous week.


Following a monthly gain of 40%, ETH was up 2.5 percent on the day and trading at $1,578 at the time of writing. It is driving the current crypto market rise, but next week's macroeconomic data and worries about a recession may swiftly send everything spiraling downward.

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